OCCUPIED, INCOME-PRODUCING OFFICE CONDOMINIUM
INVESTMENT OPPORTUNITIES IN NEW YORK CITY
FROM UNDER $1 MILLION TO OVER $50 MILLION
Exclusive Sales and Marketing
As exclusive sales and marketing agent, Rudder Property Group is offering the unique opportunity to make a direct investment
in the Manhattan office market, the largest and best performing office market in the United States. Unlike others across the
United States, Manhattan’s office market offers broad tenant diversification, high occupancy stemming from a constant supplydemand imbalance, and significant rent growth.
Income-producing office condominiums in Manhattan give an investor the opportunity to earn attractive returns both through
annual cash flow and value appreciation. Over time, investors that have owned income-producing condominiums have earned
outsized returns, primarily driven by Manhattan’s constant appreciation in real estate values.
Residential properties are still some of the most sought-after investments in Manhattan. It is worth considering office condominiums
as well, as they have the same direct exposure to Manhattan real estate with the additional advantages highlighted below:
MAINTENANCE FREE
LIMITED TENANT MANAGEMENT
Buildings that contain office condominiums are
managed by professional property management
firms. The investor merely pays monthly common
charges. The tenant, not the investor, maintains the
interior of the condominium.
Office condominium units are typically occupied
by one tenant. The investor’s management of the
tenant consists mostly of receiving and depositing
its rent payment.
STABLE CASH FLOW
INFLATION PROTECTED
Typical office lease terms are five to ten years.
This provides predictable monthly cash flow for an
extended period of time.
Rents escalate annually. The rate of return
increases in excess of inflation.
BITE-SIZED INVESTMENTS
HIGHLY FINANCEABLE
Office condominiums offer investors the opportunity
to buy smaller properties in Manhattan, where many
individual investors cannot participate due to deal
size. Office condominium investments begin at
under $1 million.
Many lending institutions offer competitive financing
terms and high loan-to-value ratios on leased office
condominiums. Interest rates are at very low levels.
WORLD CLASS OWNERSHIP
INVESTMENT UNITS AVAILABLE FROM $3.9 MILLION TO $75.7 MILLION
866 United Nations Plaza
866 United Nations Plaza offer foreign governments, non-profits and businesses
an exceptional opportunity to secure a permanent office in the most prestigious and
conveniently located building, only steps from the United Nations Headquarters.
The newly converted 866 United Nations Plaza comprises of over 471,000 square
feet of Class A office condominiums that can accommodate users of any size. Office
condominium ownership at 866 United Nations Plaza allows unit owners to lock in their
occupancy costs and insulate themselves from the ever-rising expense of office leasing
in Midtown Manhattan.
Available Investment Units
RSF
Price
Price/RSF
CC+RET/RSF
LXP
2016
Rent/RSF
Going-In
Cap Rate
568, 580
3,459
$3,965,656
$1,146
$19.22
06/30/17
$43.82
2.15%
511
4,221
$4,685,656
$1,110
$19.22
MTM
$38.08
1.70%
480
5,005
$6,156,049
$1,230
$19.22
MTM
$61.57
3.44%
540
5,659
$7,300,131
$1,290
$19.22
11/30/23
$58.10
3.01%
533
6,336
$8,743,770
$1,380
$19.22
04/30/19
$55.08
2.60%
322, 326
8,849
$9,064,048
$1,024
$19.22
1/31/18 5/31/2021
$59.56
3.94%
486
7,436
$10,261,770
$1,380
$19.22
MTM
$45.13
1.88%
492, 494, 495
8,407
$10,507,180
$1,250
$19.22
MTM
$58.67
3.16%
418, 420, 424, 435
12,774
$16,414,475
$1,285
$19.22
8/31/16 10/31/17
$63.58
3.45%
64,846
$75,869,705
$1,170
$19.22
03/31/20
$48.65
2.52%
Unit
230, 350
THE COMPLETE TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM THE SPONSOR. FILE NO. CD14-0202. SPONSOR: 866 UN PLAZA PROPERTY LLC, 130 EAST 59TH STREET, SUITE 1300, NEW YORK,
NEW YORK 10022.
Building Specs
Building Entrance: There are two entrances to the office building
located on 48th Street, each with a separate lobby.
Overview
Number of Floors: Six stories above ground with floor plates of
78,000 square feet, plus lower level and sub cellar.
866 United Nations Plaza is a six-story, Class A office building that
was constructed in 1965. The approximately 471,000 square foot
structure is located on a full city block from 48th to 49th Streets
between First Avenue and the FDR East River Drive, standing just
north of the United Nations campus. The building features floorto-ceiling windows on all sides, providing stunning views of the
East River and the United Nations campus, and an 8,000 square
foot central courtyard that provides additional natural light to the
building.
Façade / Exterior: Aluminum and glass with decorative granite
columns and bands at ground level.
866 United Nations Plaza offers unparalleled first-class features,
including:
• Four sides of oversized windows providing expansive light, air
and unobstructed, panoramic views of the East River and the
United Nations campus
• Two separate, impressively appointed lobbies
• Six recently modernized, high-speed passenger elevators in
two separate banks
• Separate freight entrance and loading dock with an oversized
freight elevator
Plumbing: Each floor has two women’s and two men’s restrooms.
There are plumbing risers conveniently located throughout
the building that can potentially support additional sinks and
restrooms within certain units.
Windows: The oversized windows are floor-to-ceiling.
Elevators: There are six recently modernized and are fully ADAcompliant passenger elevators and one freight elevator.
HVAC: Perimeter induction units and air handlers provide heat
to the building. The perimeter units use steam distributed via hot
water circulation, and the air handling units use steam heating
coils to heat the air. Cooling is provided by two 1250-ton steam
absorption chillers.
Steam / Electrical Service: Steam and electricity is provided by
Con Edison. There are 6,000 amps available to the office building.
Zoning: C5-2
• On-site underground parking garage with easy access to the
FDR East River Drive (additional fees apply)
Floor Load Capacity: 50 lbs. – 120 lbs. per square foot, live load.
• Spacious light-filled interior courtyard
Security: The building has 24/7 on-site security. Security cameras
are used to survey lobbies, hallways and stairwells.
• Central heat and air conditioning
• First-class service, including professionally trained building
managers, mechanical engineers, security guards, porters and
cleaning crew
• State-of-the-art security system, including security cameras
used to survey lobbies, hallways and stairwells
Loading Dock: A freight entrance and loading dock is located on
the eastern end of the building, off of 48th Street.
Garage: Monthly and daily parking is available at a managed
public garage located beneath the building on 49th Street.
THE COMPLETE TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM THE SPONSOR. FILE NO. CD14-0202. SPONSOR: 866 UN PLAZA PROPERTY LLC, 130 EAST 59TH STREET, SUITE 1300, NEW YORK,
NEW YORK 10022.
5TH
E 61ST ST
E 60TH ST
E 60TH ST
QUEENSBORO BRIDGE
E 59TH ST
E 58TH ST
E 58TH ST
LEXINGTON AVE
W 54TH ST
E 54TH ST
SUTTON PLACE
E 56TH ST
E 57TH ST
E 56TH ST
E 55TH ST
E 54TH ST
E 53RD ST
10 MIN WALK
FD R D R
MADISON AVE
5 MIN WALK
E 52TH ST
E 51ST ST
W 48TH ST
2ND AVE
W 51ST ST
PARK AVE
AVE OF THE AMERICAS
W 57TH ST
1ST AVE
W 58TH ST
E 50TH ST
E 49TH ST
3RD AVE
E 48TH ST
W 47TH ST
E 46TH ST
W 45TH ST
E 47TH ST
THE
UNITED
NATIONS
E 45TH ST
MIDTOWN
GRAND
CENTRAL
E 43RD ST
E 42ND ST
BRYANT
PARK
E 39TH ST
E 38TH ST
E 37TH ST
QUEEN
S-MIDTO
WN TU
NNEL
TUNNEL APPROACH ST
5TH AVE
6TH AVE
E 40TH ST
TUNNEL EXIT ST
E 41ST ST
E 36TH ST
EAST
RIVER
E 44TH ST
TUDOR CITY PLACE
TIMES
SQUARE
MURRAY HILL
E 35TH ST
E 34TH ST
Food / Dining
Attractions
Hotels
Organizations
Landmarks
The Four Seasons
Museum of Modern Art
The Four Seasons
Japan Society
Dag Hammarskjold Plaza
Smith & Wollensky
New York Public Library
W New York
Turkish Center
The Trump World Tower
Sparks Steak House
St. Patrick’s Cathedral
InterContinental New York
U.S. Foreign Missions
Empire State Building
The Westin New York
Germany House
The Chrysler Building
Rockefeller Center
Le Cirque
Shopping
Waldorf Astoria Hotel
U.S. Post Office
Sushi Yasuda
Brooks Brothers
The Roosevelt Hotel
Ford Foundation
The Smith
Barney’s
Millennium ONE UN New York
Il Postino
Bloomingdale’s
Megu Modern Japanese
Saks Fifth Avenue
Starbucks
Apple Store
Deux Amis
Whole Foods
MTA Subway Station
Recent Office Condominium Sales
Address
Size (RSF)
Price/RSF
Sale Date
Type
Class
20,280
$900
1/13/17
Condo
A
866 UN Plaza, Units 560 & 566
6,492
$954
12/1/16
Condo
A
866 UN Plaza, Unit 249
3,356
$1,100
9/7/16
Condo
A
866 UN Plaza, Units 544 & 575
3,056
$1,117
8/12/16
Condo
A
866 UN Plaza, Units 517 & 520
7,031
$1,280
8/10/16
Condo
A
633 Third Ave, P. 31st Floor
10,105
$925
7/15/16
Condo
A
Size (RSF)
Price/RSF
Bldg Size
Type
Class
633 Third Ave, P. 9th Floor
27,349
$975
1,013,629
Condo
A
800 Second Ave, 4th & 6th
Floors
38,671
$859
286,226
Condo
A
Size (RSF)
Rent/RSF
Qtr/Year
Bldg Size
Class
675 Third Ave, P. 10th Floor
2,846
$66
1Q17
350,000
A
866 UN Plaza, Unit 4019
1,502
$72
1Q15
471,000
A
866 UN Plaza, Unit 300
Office Condominium Availabilities
Address
Recently Signed Office Leases
Address
THE COMPLETE TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM THE SPONSOR. FILE NO. CD14-0202. SPONSOR: 866 UN PLAZA PROPERTY LLC, 130 EAST 59TH STREET, SUITE 1300, NEW YORK,
NEW YORK 10022.
OFFICE OWNERSHIP ON MEDICAL MILE
INVESTMENT UNITS AVAILABLE FROM $1.6 MILLION TO $4.7 MILLION
The Corinthian - 345 East 37th Street
The Corinthian Office Condominiums is a three-story, 32-unit medical office condominium
building at the base of the 57-story Corinthian luxury residential tower in Midtown East.
The property is strategically located on East 37th Street between First and Second
Avenues, adjacent to the world-class NYU Langone Medical Center campus and within
a densely populated and affluent neighborhood.
Available Investment Units
Unit
RSF
Price
Price/RSF
CC+RET/RSF
LXP
2016
Rent/RSF
Going-In
Cap Rate
201
2,637
$2,716,110
$1,030
$15.90
04/30/23
$44.57
2.78%
1,981
$2,129,575
$1,075
$15.90
03/31/19
$37.92
2.05%
210
2,263
$2,093,275
$925
$15.90
12/31/19
$49.68
3.65%
212
1,949
$2,134,155
$1,095
$15.90
07/31/20
$41.05
2.30%
301
3,852
$4,140,900
$1,075
$15.90
10/31/23
$46.34
2.83%
302
2,408
$2,636,760
$1,095
$15.90
10/14/20
$41.28
2.32%
303
2,450
$2,450,000
$1,000
$15.90
07/31/22
$61.81
4.59%
304
2,457
$2,309,580
$940
$15.90
07/31/22
$43.19
2.90%
306
4,700
$4,700,000
$1,000
$15.90
01/01/21
$30.61
1.47%
307
2,894
$2,894,000
$1,000
$15.90
04/30/25
$42.71
2.68%
308
3,289
$3,338,335
$1,015
$15.90
07/31/20
$39.46
2.32%
309
2,368
$2,296,960
$970
$15.90
01/31/25
$38.25
2.30%
312
4,219
$4,535,425
$1,075
$15.90
09/30/22
$44.47
2.66%
314
2,541
$2,388,540
$940
$15.90
09/30/22
$32.66
1.78%
315
1,613
$1,556,545
$965
$15.90
03/31/20
$41.87
2.69%
316
2,340
$2,258,100
$965
$15.90
02/28/20
$45.05
3.02%
317
2,423
$2,653,185
$1,095
$15.90
01/01/21
$40.81
2.28%
320
1,943
$2,127,585
$1,095
$15.90
01/31/20
$42.77
2.45%
202A
THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD-16-0142. SPONSOR: 345 EAST 37TH STREET PROPERTY OWNER, LLC, C/O 60 GUILDERS, LLC, 370
7TH AVENUE, SUITE 1400, NEW YORK, NEW YORK 10001. PROPERTY ADDRESS: 345 EAST 37TH STREET (A/K/A 330 EAST 38TH STREET), NEW YORK, NEW YORK 10016.
Building Specs
Location: 345 East 37th Street, New York, NY 10016 (between First
and Second Avenues)
Overview
The Corinthian Office Condominiums is a well-maintained,
institutionally owned and managed property. The building
recently underwent a significant capital improvement program
with approximately $1.7 million invested since 2011, including a
full renovation of the lobby and common areas, roof replacement,
and upgrades to the HVAC system.
• Suites contain the necessary infrastructure for medical offices,
including multiple plumbing risers and ample electrical capacity
• Exceptional corner suites with large, curved, floor-to-ceiling
windows
• Several suites boast unique features, such as high ceilings,
outdoor terraces and private street-level access with signage
• Suites are available in a variety of configurations, from
approximately 1,500 RSF to over 14,000 RSF, at a range of price
points
• Newly renovated lobby features soaring ceilings and luxurious
marble and wood finishes
• On site, privately operated underground parking garage with
direct access to the lobby (for an additional fee)
• Central heat and air conditioning
• Separate freight entrance and loading dock
• First-class service, including professionally trained building
managers, mechanical engineers, security guards, porters and
cleaning crew
Zoning: C1 – 9
Size: 105,640 rentable square feet
Floors: 3 (lobby and 2 office levels)
Elevators: Two passenger and one freight
Lobby: Newly renovated lobby features soaring ceilings and
luxurious marble and wood finishes. It is attended by a security
guard.
Construction Type: Reinforced concrete
Plumbing: Each floor has a set of women’s and men’s restrooms.
There are plumbing risers located throughout the building that are
accessible by all office suites.
Heating: The building is heated by live steam supplied by Con
Edison. Steam is fed to heat exchangers with one serving the
commercial office suites. Hot water is circulated to water source
heat pump units.
Air Conditioning: The commercial tenant spaces are cooled by
water source heat pumps. The heat pumps are provided with
condenser water from cooling towers.
Electrical: Electricity is provided by Con Edison. Each medical
office suite has its own distribution panel.
Freight Entrance: Freight entrance and loading dock are located
on the 38th Street side of the building.
Garage: There is a public garage located beneath the building
with entrances located on both 37th Street and 38th Street,
and there is direct access to the lobby. The garage is privately
operated for an additional fee.
THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD-16-0142. SPONSOR: 345 EAST 37TH STREET PROPERTY OWNER, LLC, C/O 60 GUILDERS, LLC, 370
7TH AVENUE, SUITE 1400, NEW YORK, NEW YORK 10001. PROPERTY ADDRESS: 345 EAST 37TH STREET (A/K/A 330 EAST 38TH STREET), NEW YORK, NEW YORK 10016.
M I DT O W N
IMES
QUARE
GRAND
CENTRAL
E 44TH ST
E 43RD ST
E 40TH ST
E 41ST ST
5
E 39TH ST
5TH AVE
17
E 38TH ST
16 17
E 37TH ST
TUNNEL ENTRANCE ST
BRYANT
PARK
TUNNEL EXIT ST
3RD AVE
E 42ND ST
TUDOR CITY PLACE
3
6TH AVE
THE
UNITED
NATIONS
QUEE
NS-MID
TOWN
T
UNNE
18
19
15
6 7
23
16
E 36TH ST
15
E 35TH ST
M U R R AY H I L L
13
E 34TH ST
12
9
2
11
10
6 9
2ND AVE
E 33RD ST
4
E 32ND ST
8
E 31ST ST
12 13
14
11
1ST AVE
10
14 22
21
1
3
4
5
E 30TH ST
1
7
8
20
E 29TH ST
2
E 30TH ST
NYU AFFILIATES
1
NYU Langone Main Medical Center Campus
15
NYU Voice Center
4
Third Ave. Podiatry & Foot Surgery Center
2
Bellevue Hospital Center
16
NYU Anesthesia Associates
5
Mt Sinai Medical Center
3
Tisch Hospital
17
NYU Hospitals Center - Ambulatory Care Center
6
New York Doctors Urgent Care - Murray Hill
4
University Nephrology Associates
18
Center for Musculoskeletal Care
7
Manhattan Women’s Medical
5
The NYU Day Surgery Center
19
NYU Outpatient Surgery Center
8
International Pediatric Health
6
University Neurology Associates
20
Science Building
9
Therapy Center Of New York
7
Center for Biomedical Imaging / NYU
Fertility Center
21
Kimmel Pavilion
10
Horizon Medical Group
8
Smilow Comprehensive Prostate Cancer Center
22
Energy Building
11
Total Rehab Physical Therapy
9
Hassenfeld Children’s Center for Cancer
and Blood Disorders
23
Shiel Medical Labs
12
Pediatric Associates of NYC PC
10
Children’s Ambulatory Care Center
13
Murray Hill Medical Group
11
Institute Reconstructive Plastic Surgery
14
The Hand Surgery Center
12
Clinical Cancer Center
1
Kips Bay Endoscopy Center LLC
15
New York Allergy and Sinus Centers - Murray Hill
13
Comprehensive Epilepsy Center
2
Sports Therapy & Rehab Center
16
NY Medical Skin Solutions
14
Heart Rhythm Center
3
Parkmed Physicians
17
NYC Dental Center
OTHERS
L
Recent Office Condominium Sales
Address
Size (RSF)
Price/RSF
Sale Date
Type
Class
115 E 61st St, P. 6th Floor
1,270
$1,102
9/1/16
Co-op
C
161 Madison Ave, Unit 11NSE
2,065
$884
7/19/16
Condo
B
110 E 36th St, Unit 1A
500
$950
2/23/16
Condo
B
799 Park Ave, Unit 4/5
1,200
$1,063
2/17/15
Co-op
B
333 E 34th St, Unit 1L
1,085
$1,000
4/23/14
Condo
B
Size (RSF)
Price/RSF
Bldg Size
Type
Class
1,141
$1,398
57,700
Condo
B
110 E 40th St, Unit 200
5,226
$1,435
99,368
Condo
B
121 E 60th St, Unit 6C
1,395
$1,000
56,760
Co-op
B
115 E 61st St, 4th Floor
4,000
$1,475
58,298
Co-op
C
Rent/RSF
Qtr/Year
Bldg Size
Class
Mid-$60s
3Q16
120,000
B
$55
3Q15
89,000
B
Office Condominium Availabilities
Address
161 Madison Ave, Unit 9SW
Recently Signed Office Leases
Address
Size (RSF)
145 E 32nd St, P. 13th Floor
20 E 46th St, P. 3rd Floor
935
THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD-16-0142. SPONSOR: 345 EAST 37TH STREET PROPERTY OWNER, LLC, C/O 60 GUILDERS, LLC, 370
7TH AVENUE, SUITE 1400, NEW YORK, NEW YORK 10001. PROPERTY ADDRESS: 345 EAST 37TH STREET (A/K/A 330 EAST 38TH STREET), NEW YORK, NEW YORK 10016.
OWN IN THE HEART OF MIDTOWN
INVESTMENT UNITS AVAILABLE FROM $2.8 MILLION TO $38.4 MILLION
18-20 West 33rd Street
The office condominiums at 18-20 West 33rd Street are located on 33rd Street between
Fifth Avenue and Broadway in the heart of Midtown Manhattan.
18 West 33rd Street - Available Investment Units
Unit
RSF
Price
Price/RSF
CC+RET/RSF
LXP
2016
Rent/RSF
Going-In
Cap Rate
E. 2nd Floor
2,811
$3,092,100
$1,100
$13.57
12/31/17
$28.30
1.34%
E. 3rd Floor
2,811
$2,811,000
$1,000
$13.57
02/28/19
$33.64
2.01%
5,622
$6,184,200
$1,100
$13.57
05/30/20
$34.83
1.93%
E. 5th & 6th Floor
20 West 33rd Street - Available Investment Units
RSF
Price
Price/RSF
CC+RET/RSF
LXP
2016
Rent/RSF
Going-In
Cap Rate
E. 5th Floor
13,998
$13,648,050
$975
$13.57
12/31/23
$29.87
1.67%
E. 9th Floor
13,998
$14,697,900
$1,050
$13.57
11/30/19
$29.23
1.49%
E. 10th Floor
13,966
$14,664,300
$1,050
$13.57
07/31/17
$27.73
1.35%
E. 11th & 12th Floors;
Penthouse
33,980
$38,378,700
$1,129
$13.57
07/31/24
$31.66
1.60%
Unit
THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM THE SPONSOR. FILE NO. CD NO. 16-0129. ALL ARTIST’S RENDERINGS ARE FOR DEMONSTRATION PURPOSES AND DO NOT
REFLECT EXISTING CONDITIONS. UNITS ARE BEING OFFERED IN THE CONDITION SET FORTH IN THE OFFERING PLAN. ALL RENDERINGS OF VIEWS AND EXPOSURE TO LIGHT ARE FOR DEMONSTRATION
PURPOSES ONLY AND SUBJECT TO VARIANCES. SPONSOR MAKES NO REPRESENTATIONS AS TO ANY VIEW AND/OR EXPOSURE TO LIGHT AT ANY TIME OR AS THE SAME MAY BE AFFECTED BY ANY
EXISTING OR FUTURE CONSTRUCTION BY EITHER SPONSOR OR A THIRD PARTY. SPONSOR: 20 WEST 33RD STREET PROPERTY OWNER, L.L.C., C/O 60 GUILDERS, LLC, 370 7TH AVENUE, SUITE 1400, NEW
YORK, NEW YORK 10001. PROPERTY ADDRESS: 18 & 20-28 WEST 33RD STREET, NEW YORK, NEW YORK 10001.
Building Specs
Address: 20 West 33rd Street (between Fifth Avenue and
Broadway)
Location: Between Fifth Avenue and Broadway in the Penn Plaza/
Herald Square Submarkets
Overview
Completed: 1912
Building Size: Approximately 176,700 RSF, 13 floors
The concrete-encased steel and brick, pre-war building was
developed in 1912. The recently renovated modern lobby
comprises a double glass door foyer entrance, granite floors and
a rounded cherry wood reception desk with gold trim. There are
three recently renovated, high-speed passenger elevators and
two freight elevators that are serviced from a separate freight
entrance. The building has high power capacity and heavy floor
loads.
The office floors have an efficient layout, with expansive views
overlooking the Empire State Building and 125 feet of frontage
facing north over West 33rd Street. Oversized windows flood
offices with natural sunlight.
Floor Sizes: Approximately 14,000 RSF
Electrical Service: Submetered electric on most floors
Access: 24/7 access to the building
Elevators: 3 passenger, 2 freight
Transportation: Steps to Penn Station, Herald Square, Port
Authority, Grand Central Terminal, PATH and 16 subway lines
A C E 1 2 3 B D F M N Q R W 4 5 6
Parking: Numerous parking garages located in the immediate
vicinity
Neighboring Improvements Increase Future Value
Recently, significant public and private funding in the Penn Plaza
submarket has shifted attention to the west side of Manhattan.
The area has become a hotbed for office development and
investment, emerging as the location of choice for many tenants
seeking to relocate within Manhattan. Institutional owners and
investors within the submarket have devoted significant capital
to their assets in recent years, demonstrating their commitment to
the neighborhood and their belief in improving market conditions
going forward. The future value of 20 West 33rd Street will
increase due to its proximity to these neighboring improvements.
Computer Rendering
THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM THE SPONSOR. FILE NO. CD NO. 16-0129. ALL ARTIST’S RENDERINGS ARE FOR DEMONSTRATION PURPOSES AND DO NOT
REFLECT EXISTING CONDITIONS. UNITS ARE BEING OFFERED IN THE CONDITION SET FORTH IN THE OFFERING PLAN. ALL RENDERINGS OF VIEWS AND EXPOSURE TO LIGHT ARE FOR DEMONSTRATION
PURPOSES ONLY AND SUBJECT TO VARIANCES. SPONSOR MAKES NO REPRESENTATIONS AS TO ANY VIEW AND/OR EXPOSURE TO LIGHT AT ANY TIME OR AS THE SAME MAY BE AFFECTED BY ANY
EXISTING OR FUTURE CONSTRUCTION BY EITHER SPONSOR OR A THIRD PARTY. SPONSOR: 20 WEST 33RD STREET PROPERTY OWNER, L.L.C., C/O 60 GUILDERS, LLC, 370 7TH AVENUE, SUITE 1400, NEW
YORK, NEW YORK 10001. PROPERTY ADDRESS: 18 & 20-28 WEST 33RD STREET, NEW YORK, NEW YORK 10001.
W 47TH ST
E 46TH ST
W 45TH ST
TIMES SQUARE /
T H E AT E R D I S T R I C T
E 45T
METRO-NORTH S
4 5 6 7
E 43R
GRAND CENTRAL STATION
7
E 42ND ST
PORT AUTHORITY BUS TERMINAL
NEW YORK PUBLIC LIBRARY
E 41ST ST
BRYANT PARK
E 39TH ST
1 2 3
E 35TH ST
6
GREELEY SQUARE
PENN STATION
U.S. POST OFFICE
EMPIRE STATE BUILDING
W 33RD ST
AMTRAK, LIRR A C E
E 36TH ST
W 32ND ST
PATH
THE CUTTING ROOM
MADISON SQUARE GARDEN
W 31ST ST
C H E LS E A
W 30TH ST
W 29TH ST
FASHION INSTITUTE OF TECHNOLOGY
THE ROGER NEW YORK
W 28TH ST
W 27TH ST
W 26TH ST
W 25TH ST
MARTA
MARTHA WASHINGTON HOTEL
ACE HOTEL
THE NOMAD HOTEL
Ilili
6
NOMAD
MADISON SQUARE PARK
Transportation
The office condominiums at 20 West 33rd Street are ideally located in between Penn Station, Grand Central Terminal and the Port Authority
Bus Terminal, making it a prime location for commuters. Penn Station, the busiest passenger transportation facility in the U.S. with 300,000
travelers a day, is located two blocks west of the property and provides access to NJ Transit, Amtrak and the Long Island Rail Road. Also within
walking distance is Port Authority, New York’s largest bus terminal. Given its ease for commuters, 20 West 33rd Street will remain attractive
indefinitely. Additionally, the property is one block away from the Herald Square Station (PATH, B, D, F, M, N, Q, R and W trains), two blocks
from the 34th Street/Seventh Avenue Station (1, 2 and 3 trains) and 33rd Street / Park Avenue Station (6 train), and three blocks from the 34th
Street / Eighth Avenue Station (A, C, and E trains).
3RD AVE
B D F M N Q R W
LEXINGTON AVE
HERALD SQUARE
MACY’S
W 34TH ST
E 37TH ST
THE MORGAN LIBRARY
AND MUSEUM
PARK AVE
5TH AVE
6TH AVE
E 38TH ST
MADISON AVE
PENN PLAZA
AY
ADW
BRO
7TH AVE
8TH AVE
9TH AVE
E 40TH ST
M
Recent Office Condominium Sales
Address
Size (RSF)
Price/RSF
Sale Date
Type
Class
70 W 36th St, 11th Floor
10,571
$914
11/4/16
Condo
B
28 W 27th St, 12th Floor
6,040
$1,002
9/12/16
Co-op
C
131 W 35th St, 9th Floor
7,725
$816
7/28/16
Co-op
C
22,566
$855
5/4/16
Condo
B
3,735
$950
7/9/15
Co-op
B
Size (RSF)
Price/RSF
Bldg Size
Type
Class
450 W 31st St, 6th & 7th Floors
21,550
$951
115,000
Co-op
C
131 W 33rd St, Unit 11E
3,546
$1,100
190,000
Condo
B
131 W 33rd St, 16th Floor
6,333
$1,200
190,000
Condo
B
70 W 36th St, 9th Floor
10,767
$1,133
151,000
Condo
B
Size (RSF)
Rent/RSF
Qtr/Year
Bldg Size
Class
132 W 31st St, 16th Floor
21,178
$70 Yrs 1-5
$76 Yrs 6-10
$81 Yrs 11-13
3Q16
444,676
B
132 W 31st St, P. 13th Floor
7,819
$62 Yrs 1-5
4Q16
444,676
B
70 W 36th St, 2nd & 3rd Floors
70 W 36th St, Unit 10B
Office Condominium Availabilities
Address
Recently Signed Office Leases
Address
THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM THE SPONSOR. FILE NO. CD NO. 16-0129. ALL ARTIST’S RENDERINGS ARE FOR DEMONSTRATION PURPOSES AND DO NOT
REFLECT EXISTING CONDITIONS. UNITS ARE BEING OFFERED IN THE CONDITION SET FORTH IN THE OFFERING PLAN. ALL RENDERINGS OF VIEWS AND EXPOSURE TO LIGHT ARE FOR DEMONSTRATION
PURPOSES ONLY AND SUBJECT TO VARIANCES. SPONSOR MAKES NO REPRESENTATIONS AS TO ANY VIEW AND/OR EXPOSURE TO LIGHT AT ANY TIME OR AS THE SAME MAY BE AFFECTED BY ANY
EXISTING OR FUTURE CONSTRUCTION BY EITHER SPONSOR OR A THIRD PARTY. SPONSOR: 20 WEST 33RD STREET PROPERTY OWNER, L.L.C., C/O 60 GUILDERS, LLC, 370 7TH AVENUE, SUITE 1400, NEW
YORK, NEW YORK 10001. PROPERTY ADDRESS: 18 & 20-28 WEST 33RD STREET, NEW YORK, NEW YORK 10001.
Sponsors
866 United Nations Plaza
866 UN Plaza Property LLC, an affiliate of Meadow Partners, a privately owned
institutional real estate investment and asset management firm focused
on acquiring properties located in the greater New York City and London
metropolitan areas. Meadow Partners manages a series of private investment
funds on behalf of some of the largest U.S. pension funds and university
endowments. Over the past three years, Meadow Partners has acquired and/
or developed over $1.7 billion of real estate, including residential, office, retail
and hotel properties.
The Corinthian & 20 West 33rd Street
60 Guilders, LLC (60G) is a private, New York City based real estate investment
and operating firm, with a portfolio of office, retail and residential properties
valued in excess of $1 billion. 60G’s operations are built around an extensive
network of relationships and proprietary data, and are leveraged by its inhouse expertise in acquisitions, dispositions, financing, asset management,
construction management, leasing, marketing and accounting.
About Rudder Property Group
Rudder Property Group (RPG) is New York’s only commercial real estate firm
specializing exclusively in the conversion and sale of office condominiums.
RPG consistently leads the market in office condominium sales and is widely
respected throughout the real estate community as the foremost experts on
New York’s office condominium market.
www.rudderpg.com/investor-units
Contact
Michael Rudder
Office: (212) 966-3611
Mobile: (646) 483-2203
[email protected]
Rudder Property Group
866 United Nations Plaza
Suite 207
New York, NY 10017
www.rudderpg.com
Michael Heller
Office: (212) 966-3622
Mobile: (917) 439-2198
[email protected]